The Gibson acoustic was stolen in in 1963,and used on the recordings of Love Me effect and PS I Love YouA guitar stolen from the late John Lennon in the 1960s sold for $2.41m (£1.6m) on Saturday at an auction in Beverly Hills, California, and a Beatles drum head went for $2.1m,fetching some of the highest prices ever for items of rock and roll memorabilia.
The 1962 J-160E Gibson acoustic guitar had for decades been in the possession of John McCaw, a novice (one who is just a beginner at some activity requiring skill and experience) musician who bought it in the late 1960s without knowing it had been stolen from the legendary Beatle several years before, and said auctioneer Darren Julien.
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Source: theguardian.com